Franklin India Corporate Debt Fund Direct Growth
Debt
Direct
Corporate Bond
NAV as on 19-11-2024
₹ 101.07
▲0.1%
1D
Inception Returns
8.4%
/yr
About Franklin India Corporate Debt Fund Direct Growth
Franklin India Corporate Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sachin Padwal-Desai, Umesh Sharma. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Corporate Debt Fund Direct Growth has ₹765 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Franklin India Corporate Debt Fund Direct Growth has given a CAGR return of 8.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.27%, 6.21% and 6.56% respectively.
Holdings
Franklin India Corporate Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are ICICI Home Finance Company Limited, Pipeline Infrastructure Private Limited, Sikka Ports & Terminals Limited, Summit Digitel Infrastructure Ltd, Mankind Pharma Ltd
Taxation
As it is a corporate bond mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Franklin India Corporate Debt Fund Direct Growth
The investment objective of the Scheme is primarily to provide investors Regular income and Capital appreciation.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 500.00. Franklin India Corporate Debt Fund Direct Growth has no lock in period.
Historical NAV & Returns
Franklin India Corporate Debt Fund Direct Growth Overview
| Expense ratio | 0.23% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹765 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹10000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 156.55% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 764.8 Cr as of Oct'24
- AUM decreased by 20.6 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Home Finance Company Limited | 6.91% | 0% | |
Pipeline Infrastructure Private Limited | 6.72% | 0% | |
Sikka Ports & Terminals Limited | 6.68% | 0% | |
Summit Digitel Infrastructure Ltd | 6.64% | 0% | |
Mankind Pharma Ltd | 6.59% | 0% |
Mutual Fund Insights
Franklin India Corporate Debt Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹765 Cr
Expense Ratio 0.23%
Frequently Asked Questions for Franklin India Corporate Debt Fund Direct Growth
Franklin India Corporate Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.73% | 0.73% |
6 Month Returns | 4.45% | 4.45% |
1 Year Returns | 8.27% | 8.27% |
3 Years Returns | 19.8% | 6.21% |
5 Years Returns | 37.37% | 6.56% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 86.38 |
AA | 13.62 |